Nafta

When free trade proponents sold the American people on the idea of the North American Free Trade Agreement, they promised that it would be a boon economically. Evidence, however, suggests that it has been anything but. Since its implementation, Americans have dealt with stagnating wages, outsourced jobs, increased illegal immigration, an influx of contaminated products and rapid environmental degradation. By 2008, NAFTA had cost America nearly three million well-paying manufacturing jobs, 3,000 family...

OTTAWA (Reuters) - Canada is not considering a NAFTA challenge after the United States once again delayed its decision on approving TransCanada Corp's controversial Keystone XL pipeline, Natural Resources Minister Greg Rickford told reporters on Friday. In recent weeks, some former senior officials in Canada have said that if U.S. President Barack Obama blocks the pipeline, Canada could launch a challenge on the grounds that the North American Free Trade Agreement...

NEW YORK (Reuters) - Cargill Inc has reached a settlement with Mexico in a dispute that resulted in a $77 million arbitration award for the U.S. agribusiness company, according to court documents filed on Thursday. A North American Free Trade Agreement arbitration tribunal awarded Cargill the sum in 2009 over trade barriers the company said Mexico erected against high-fructose corn syrup from 2002 to 2007. The terms of the settlement, reached on February 5, were not disclosed.

FRANKFURT (Reuters) - Global industry leader Daimler Trucks said sales rose 23 percent in the first seven months thanks to strong demand in Asia and North America for its Freightliner and Fuso trucks. "As a global truck manufacturer, we are less affected by a shrinking European market than other manufacturers, since other regions like North America are growing. That plays into our hands," Daimler Trucks chief Andreas Renschler said on Friday in an interview with Reuters. Its...

By Michael J. McCarthy, Trade specialist, North Business and Industrial Council | September 30, 1993

I am writing on behalf of the new State of Illinois International Trade Center. As the trade specialist and manager of the center, I would like to express my appreciation and support for your recent articles on the North American Free Trade Agreement. Reports that there will be negative, short-term repercussions from NAFTA are unsubstantiated. Many of the small and medium-size manufacturers with whom I work are eager to inaugurate exporting efforts in the Mexican and Canadian markets and are only waiting...

When free trade proponents sold the American people on the idea of the North American Free Trade Agreement, they promised it would be a boon economically. Evidence, however, suggests that it has been anything but. Since its implementation, Americans have dealt with stagnating wages, outsourced jobs, increased illegal immigration, an influx of contaminated products and rapid environmental degradation. By 2008, according to EconomyInCrisis.org, NAFTA had cost America nearly...

When free trade proponents sold the American people on the idea of the North American Free Trade Agreement, they promised that it would be a boon economically. Evidence, however, suggests that it has been anything but. Since its implementation, Americans have dealt with stagnating wages, outsourced jobs, increased illegal immigration, an influx of contaminated products and rapid environmental degradation. By 2008, NAFTA had cost America nearly three million well-paying manufacturing jobs, 3,000 family...

MEXICO CITY (Reuters) - U.S. agribusiness company Cargill Inc. filed a suit in a U.S. court on Tuesday to compel Mexico to pay a $94.6 million award over trade barriers the company says Mexico put up against high-fructose corn syrup from 2002 to 2007. In its filing with the U.S. District Court of New York, Cargill says Mexico "adversely affected Cargill's investment in Mexico, namely Cargill's high fructose corn syrup distribution business. " Mexico's economy...

The Chicago Tribune sharply criticized Senate Majority Leader Harry Reid's refusal to “give Obama the authority to negotiate trade agreements without meddling from Congress.” (“ Obama's trade push ,” Editorial, Feb. 1) “Meddling?” What an odd choice of language for Congress exercising one of its specifically enumerated powers under the United States Constitution. The Tribune went on to point out that under the legislation that Senator Reid refused to support, the Trade...

MEXICO CITY (Reuters) - The North American Free Trade Agreement (NAFTA) and other U.S. trade relationships are outdated and need an "upgrade", U.S. Commerce Secretary Penny Pritzker said on Tuesday during a trade visit to Mexico. Attitudes toward labor and the environment as well as e-commerce and new technology have shifted trade concerns since NAFTA was signed, so the U.S. government is focusing on the Trans-Pacific Partnership (TPP), which would establish a free-trade...

Your editorial "An honest report card on NAFTA" (July 17) suggests that the Clinton administration's self-serving report on NAFTA is truthful. In fact, it is a baldfaced lie, and the Tribune's editorial staff should be ashamed of themselves for perpetuating this lie. NAFTA has made a trade surplus a trade deficit for the United States and cost our country about 500,000 good-paying jobs. NAFTA is an utter failure except for the multinational corporations that have exported jobs from the United States and...

President Clinton will soon appoint a "NAFTA czar," someone who will coordinate the White House effort to win approval this fall of the North American Free Trade Agreement. The naming of a full-time person to sell the accord and push it through a skeptical, even hostile, Congress is encouraging. So far, the president and his advisers have been all too willing to sit back and let opponents dominate and distort the debate. But it likely will take more than the appointment of a NAFTA...